On September 9, 2025, the FBI charged Yield Wealth (“Yield”) founder Paul Regan with securities fraud and wire fraud. Yield misrepresented how those companies would use investors’ money and the protections investors would have against losses. Regan’s fraudulent scheme, making payments to older investors with new investor funds, tricked over 300 people to invest more than $60 million in Yield and the affiliated Next Level investment products.
Many insurance agents and brokers sold these unregistered securities without being licensed and without conducting sufficient investigation to determine if these investment products were legitimate. Private investments require registration or an exemption from registration to be sold to investors. Even when exempt from registration, agents must have a securities license, conduct a reasonably diligent investigation into the investment and recommend the investment only to suitable investors.
Sales representatives, many of whom were insurance agents, sold Yield as a savings account. These agents stated that Yield was an alternative to traditional banks that offered not only greater returns but greater protections. This greatly misrepresented the safety of the product. The agents would have discovered that the representation was not true with only a simple investigation. Instead, the agents relayed the fraud and inappropriately sold the investments to those looking for safety.
We have represented investors for over 20 years. Please contact us to discuss this or other incidents of securities fraud.
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